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Another Jack Welch
Isn't Good Enough

Updated Nov. 22, 1999 1:18 a.m. ET

By Michael Allen, president of the Michael Allen Co., a consulting firm, and a former vice president of corporate strategy at General Electric.

W ith Jack Welch retiring in April 2001, General Electric faces one of the biggest challenges in business: replacing a super-CEO. A super-CEO not only creates enormous shareholder value, but, like a sports legend, changes the way the game is played. When a board has to replace him, it needs...